This 1940 letter cover relates to a tax payment transaction and is affixed with multiple revenue stamps from the Shantung Factory series depicting peasant farmers, issued circa 1946. The stamps include a rare Type II imperforate $300 in slate, catalogued as Padget LA 174A and Paau NWP7, alongside several Type II clean perforation variants of the $100 Rosy-Brown in both standard and pale dull orange shades, all referenced under Padget LA 174a. These fiscal issues were used during a period of intense post-war reconstruction and currency instability, particularly in provincial administrations like Shantung. The cover provides an exceptional example of real-world usage of these scarce local revenue stamps and highlights the bureaucratic processes of regional tax enforcement in Republican China. All stamps are securely affixed and canceled, showing natural postal wear but retaining strong color and legibility. Estimate "$140 – 170"